New incident response product protects US businesses against a range of threats including terrorism, bribery, extortion and industrial espionage.
Hiscox has launched a new security response coverage in the US designed to combat a growing range of terror, criminal and political violence threats. Security Incident Response (SIR) – rolled out in Europe earlier this year – helps businesses protect their people, operations, brand and reputation by complementing existing business security resources or, where necessary, acting as a standalone security function.
SIR equips organisations of any size – from small and medium sized businesses up to larger multi-nationals – with affordable and easily accessible incident response, crisis management, strategic advice and recovery services for a wide range of threats including criminal, political, terrorism, and political violence risks, as well as information risks such as cyber threats, and kidnap, detention and extortion risks.
The product – filed in all US states and the District of Columbia – provides exclusive access to leading global risk consultancy Control Risks and includes cover for Control Risks’ costs to help a business manage a crisis
Kevin Henry, Deputy Chief Underwriting Officer for Hiscox Special Risks, says: “Whether it’s a terrorist firearms attack, a criminal threatening extortion, or a manufacturer’s plan to shut down plant operations leading to violent worker activism, our Security Incident Response coverage means that businesses of all sizes – whether they have an existing security capability or have no such resources to draw on – can access world-class incident response and recovery services with only one phone call. The nature of the policy removes the financial uncertainty associated with engaging security consultants and responding instantly to complex integrity and security-related issues anywhere in the world, offering businesses peace of mind and reassurance that they will meet their duty of care obligations.”
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